Nike cuts revenue growth forecasts as macro headwinds to have ‘pronounced’ impact (NKE)
2024-06-27
Faced with the challenge of “navigating macro headwinds that will have a pronounced impact on fiscal 2025” and continued softness in China, Nike (NYSE:NKE) now expects FY25 sales for the sportswear giant to be down mid-single-digits with sales in the first half of the year down by high-single-digits. The companyContinue Reading